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Highlights of Economic Survey 2010-11:
Economy expected to grow at 8.6% in 2010-11 and 9 per cent in next fiscal
Growth broad based with rebound in Agriculture, continued momentum in manufacturing and private services
Fundamentals strong with Savings & Investments up, exports rising rapidly and inflation falling
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Industrial output grows by 8.6% ; manufacturing sector registers 9.1%
Exports in April-December 2010 up by 29.5 %
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Trade gap narrowed to US $ 82.01 bn in April-December 2010
59% rise in Net Bank Credit
Social programme spending stepped up by 5 percentage points of GDP over past 5 years
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Inflation expected to be 1.5 per cent higher than what it would be if we were not on growth turnpike
Production of food grains estimated at 232.1 mn tonnes
Forex Reserves estimated at US$ 297.3 bn
Gross Fiscal Deficit stands at 4.8% of GDP down from 6.3% last year.